Coca Cola Inaugurates $100m Bottling Plant


Coca Cola Inaugurates $100m Bottling Plant

The bottler of Coca-Cola beverages inaugurated its fifth plant in Ethiopia at a cost of 100 million dollars. With its new facility located  in Sebeta town, 25Km west of Addis Abeba, Coca-Cola plans to boost its production and introduce new products. The new factory, which is the fifth plant for the company, have the capacity to produce up to 70,000 cases of soft drinks a day. The construction plant began in 2019, following the announcement of a 300 million dollars investment by the company over five years period to expand its operation in Ethiopia. The company also plans to build a sixth plant in Hawassa, 278Km south of the capital.


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Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


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Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


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Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...


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